Sanatana Resources (CVE:STA) Trading 31.7% Higher - What's Next?

Key Points

• Sanatana Resources Inc. saw a significant trading increase of 31.7%, reaching a trading price of C$0.79, up from the previous close of C$0.60.
• The company has a market capitalization of C$79.44 million and a P/E ratio of -78.00, indicating a negative earnings environment.
• Sanatana is currently engaged in acquiring and exploring mineral properties, including projects for copper and gold in British Columbia and Ontario.

Sanatana Resources Inc. (CVE:STA - Get Free Report) shot up 31.7% during mid-day trading on Friday . The company traded as high as C$0.79 and last traded at C$0.79. 119,679 shares changed hands during trading, an increase of 8% from the average session volume of 110,617 shares. The stock had previously closed at C$0.60.

Sanatana Resources Stock Performance

The company has a debt-to-equity ratio of 3.47, a quick ratio of 2.01 and a current ratio of 5.53. The company has a market capitalization of C$78.42 million, a PE ratio of -77.00 and a beta of 1.32. The business's 50-day moving average is C$0.72 and its 200-day moving average is C$0.35.

Sanatana Resources Company Profile

Sanatana Resources Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties. It explores for copper and gold. The company entered in an option agreement to acquire 80% interest in the Oweegee Dome project covering an area of approximately 31,077 hectares located in in Golden Triangle in British Columbia; and 100% interest in the Empress Property, as well as asset purchase agreement to acquire the Santoy Property comprising 32 cell mining claims covering an area of approximately 551 hectares located in in Ontario.